LONDON, March 22, 2019 /CNW/ -- M&G Investment Management Limited ("MAGIM") announced today that it has ceased filing reports in accordance with the alternative monthly reporting system under Part 4 of National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues for Methanex Corporation (the "Issuer") effective March 22, 2019. MAGIM intends to solicit the support of, or proxies from, securityholders of the Issuer for the election of persons to be nominated by MAGIM as directors of the Issuer.
MAGIM exercises control and direction over 12,738,068 common shares of the Issuer ("Shares"), representing 16.49% of the current issued and outstanding Shares.
MAGIM intends to review its investments in the Issuer on a continuing basis. Depending on various factors and subject to the obligations described herein, including, without limitation, the Issuer's financial position and strategic direction, actions taken by the board of directors, price levels of the Shares, other investment opportunities available to MAGIM, concentration of positions in the portfolios managed by MAGIM, tax considerations for investors in MAGIM's funds, market conditions and general economic and industry conditions, MAGIM may take such actions with respect to its investments in the Issuer as it deems appropriate, including, without limitation, purchasing additional Shares or other financial instruments related to the Issuer or selling some or all of its beneficial or economic holdings, engaging in hedging or similar transactions with respect to the securities relating to the Issuer and/or otherwise changing its intentions with respect to the purposes of its investment in the Issuer.
A report on Form 62-103F2 - Required Disclosure by an Eligible Institutional Investor under Section 4.3 is being filed by MAGIM in accordance with applicable securities laws and will be available under the Issuer's profile at www.sedar.com. The head office of Methanex Corporation is 1800 Waterfront Centre, 200 Burrard Street, Vancouver, British Columbia, V6C 3M1. The address of MAGIM is Governors House, Laurence Pountney Hill, London, EC4R 0HH, United Kingdom. MAGIM is a wholly owned subsidiary of Prudential plc.
Contacts: Jeremy Punnett / Rupert Krefting
SOURCE M&G Investment Management Limited